Treasury Reduces Amounts Required for STRIPS

FOR RELEASE WHEN AUTHORIZED AT PRESS CONFERENCE

Contact: Office of Financing 202/691-3550

November 1, 2000

Effective March 1, 2001, Treasury is changing the minimum and multiple par amounts required for stripping fixed-principal notes and bonds into their separate principal and interest components under the Separate Trading of Registered Interest and Principal of Securities ("STRIPS") program. The minimum principal amount to be required for stripping fixed-principal securities will be set at $1,000, with multiples of $1,000. Further details about this change will be provided before the effective date.